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economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as well go off the cliff or not. it really does not matter. if it is not january 1, it is not going to be too long from now before we start taking a sharp pencil to things. >> i sympathize with what larry is saying. what i am proposing, and what we are actually debating here is not to solve all of our problems ad infinitum into the future. there should be to solve this over the next decade so we get to a stable place. that is very doable in the context of the debate we are having now. if we get $3 trillion and debate the arithmetic, i think that is using reasonable assumptions abou
economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as...
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Dec 1, 2012
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>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly, sooner is better than later. >> you've been doing this for a long time. the past 24 hours, is this the necessary public posturing that needs to go on or is there a serious stalemate right now? >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me in the last three weeks, i've been very guarded because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when -- when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a
>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly,...
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that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host: robert, milwaukee, democratic caller. caller: i would like to say that the republican party, not all of them, i think it's just the tea party, they are destroying the republican party. when i saw senator dole in his wheelchair yesterday and military disabled individuals throughout the world, when they did not pass the ada treaty, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any
that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host:...
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that is bad for the economy. the $30 billion cost of extending the programs would generate $33 billion in benefits. that is because the money trickles through the system. the unemployment insurance check spent on food, housing, he teen, all of the basic necessities that give us a multiplier effect. host: this is from the national employment law project. estimates of numbers of people who will be affected if the program ends. 2 million workers collecting insurance will be cut off after payments for the week ended december 29. nearly 1 million more workers will run out of state unemployment benefits without access to the euc by the end of the first quarter of 2013. tickets for those numbers a little bit and specifically the one a million more workers. guest: there are two fundamental programs part of the extension. the important thing about them, this is what really counts in this, they provide the additional benefits passed the six months the market. if workers do not get the additional benefits, they are possibly
that is bad for the economy. the $30 billion cost of extending the programs would generate $33 billion in benefits. that is because the money trickles through the system. the unemployment insurance check spent on food, housing, he teen, all of the basic necessities that give us a multiplier effect. host: this is from the national employment law project. estimates of numbers of people who will be affected if the program ends. 2 million workers collecting insurance will be cut off after payments...
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it especially matters in our economy. we need long-term fiscal reductions so people can pine for the future. we need to give families and businesses a certainty and the specific spending cuts specific revenue increases that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we should do is immediately and eminently extend the middle class tax cuts. this decisive action will ensure that millions of american families do not see a tax cut. -- a tax hike of $2000 in the next two months. we need a long-term solution. most serious plans recommend about $4 trillion to restore the balance. interest savings revives another $600 billion. brining home our troops from iraq and afganistan brings another $800 billion. this plan will strengthen the economy. it will put us on a stable path forward. it must ramp up over tim
it especially matters in our economy. we need long-term fiscal reductions so people can pine for the future. we need to give families and businesses a certainty and the specific spending cuts specific revenue increases that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we...
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if we miss diagnose the problem, we come up with the
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60%...
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>> i don't know that it's as much an effect on the housing economy as on the economy in general. as you said earlier it takes a little bit of purchasing power away from people and that's the general problem. i think it is the case that housing marketeds are turning up most places over the last year have had property values on single family homes according to the inddesm go up so things are getting better. i think if they do slow down i think it's less likely to be about this than about fiscal policy. host: back to the phones and our discussion on the mortgage debt relief act with the chairman of the gw university school of business' department of finance. and jeff from portland, maine is our next caller. caller: about these predatory loans that these people and the banks did and then they turn around and bet on them to go bad, it's ridiculous. and to solve it they ought to all go to prison instead of trying to fix it they all fight about it. >> well, people who commit crimes probably should go to prison. my impression of what's happened is that by and large it's been lawsuits and
>> i don't know that it's as much an effect on the housing economy as on the economy in general. as you said earlier it takes a little bit of purchasing power away from people and that's the general problem. i think it is the case that housing marketeds are turning up most places over the last year have had property values on single family homes according to the inddesm go up so things are getting better. i think if they do slow down i think it's less likely to be about this than about...
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economy, to get going. the cost of doing that, given the long-term problem, the cost of doing more now is the need to come up with the medium term deal. so we need some sort of placeholder on the 10 years, and i do not mean placeholder. i mean some sort of deal. it is not the grand bargain, but whether it is $2 trillion or $3 trillion, we need to show that we can help the economy now, polaroid recovery, and have a situation over the next 10 years that is reasonable, stable, and not out of control. it would be nice that we could solve the problems 75 years ahead, but we never solve problems 75 years ahead. imposing that constraint on helping the economy now and -- the medium-term deal seems very unwise to me, and we should focus on what we can do. it is in port. focusing on what we can do, which is doing something now, have a stabilizing deal and work on the issues as we figure out what works in health care and what does not work, how much we want to reform social security, what the economy is doing in 10 ye
economy, to get going. the cost of doing that, given the long-term problem, the cost of doing more now is the need to come up with the medium term deal. so we need some sort of placeholder on the 10 years, and i do not mean placeholder. i mean some sort of deal. it is not the grand bargain, but whether it is $2 trillion or $3 trillion, we need to show that we can help the economy now, polaroid recovery, and have a situation over the next 10 years that is reasonable, stable, and not out of...
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we're going to grow, not slow the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. >> ok. i'm going to take a moment to try to talk and we'll see if it works. i don't know if other people are here. but i actually think that what we just saw is a true reflection of how hard what we're trying to do is. i'm really disappointed that when we're trying to create a forum to have discussion we can't have everybody stay like they were invited to come and actually have this real discussion. because there are real issues that everybody knows about how we're going to try to fix these problems. on revenue, on social security, on medicare, on spending, on defense. and there are going to be different opinions about how we do it and the truth is they're going to be really hard choices and people are not going to be able to all have everything they want as we work as
we're going to grow, not slow the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. >> ok. i'm going to take a moment to try to talk and we'll see if it works. i don't know if other people are here. but i actually think that what we just saw is a true reflection of how...
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it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us out of them for the last four years. all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automatically
it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us...
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caller: our economy is very fragile. a lot of the things the people in this country, the millionaires and billionaires have forgotten is the fact that if it were not for the tax payers, the infrastructure we put in place, to do business here, like good roads and power grids and bridges -- the list goes on. we the taxpayers are the ones who put this in place for them to make their millions and billions. i do not think it is wrong for everybody, including working class people, to pay their fair share. i think it is the right things that we have to do to dig in and bail this country out. guest: that is a good point. you just made the connection between the taxes we pay and when we get in return. one thing but a lot of people talk about is that in this country, sometimes people -- it is hard to make that connection. a lot of money we pay goes to the military, which maybe you're not involved in, or two seniors. maybe we're not there yet. we're paying a lot of money. we're not sure what we're getting back in return, and that i
caller: our economy is very fragile. a lot of the things the people in this country, the millionaires and billionaires have forgotten is the fact that if it were not for the tax payers, the infrastructure we put in place, to do business here, like good roads and power grids and bridges -- the list goes on. we the taxpayers are the ones who put this in place for them to make their millions and billions. i do not think it is wrong for everybody, including working class people, to pay their fair...
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and that can drag our entire economy down. host: and dennis tweets in our system of government is good cop, bad cop, but they both still have the same boss, corporations. and here's the washington post this morning, business leaders debt push has doubters in the discussion about the fiscal cliff. host: and in the washington post is a picture of three c.e.o.'s coming out of the white house. this is patricia wuertz, she is the chief executive of archer daniel's midland. emmett fraser of merck and another person walking out. we're going to move onto william in maryland on our republican line. hi, william. caller: gorn. i love watching c-span, i'm a first time caller. host: welcome. caller: thank you. i'm not the greatest at this, but i can tell you as an african-american republican, who is a home owner association's president for his community of 339 homes, and someone who works in security, and someone who volunteers at least 40 hours a week on his community, there is a issue with us as americans and picking up slack. we put too
and that can drag our entire economy down. host: and dennis tweets in our system of government is good cop, bad cop, but they both still have the same boss, corporations. and here's the washington post this morning, business leaders debt push has doubters in the discussion about the fiscal cliff. host: and in the washington post is a picture of three c.e.o.'s coming out of the white house. this is patricia wuertz, she is the chief executive of archer daniel's midland. emmett fraser of merck and...
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this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table that fixes the problem, puts us on the course to solve the problem, which is the out-of-c
this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america...
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the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know how they let him in. host: before we go back to yesterday, what do you think of the proposal today? >> caller: well, you don't know what they do behind closed doors. what they put out to the public is one thing and from both parties. they both have a little spin here and there. politicians to me, ha, i could tell you a story that happened when i was a kid in the 1950's. i'm originally from new york and some woman asked a politics who was running, why should i vote for you? and he said outright, because time biggest crook in this neighborhood and that guy was always voted i
the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know...
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and tax revenue as a share of our economy. mr. speaker, what you see on the chart with the green line is historical tax revenue. and what you see is going back to world war ii, going back to the mid 1940's, that it really has not mattered in the history of this nation whether the top tax rate was 90%, as it was before the kennedy years, or 70% as it was at the beginning of the kennedy years, or 28% as it was in the reagan years. it really has not mattered what the top bracket is. all americans are willing to give to government is about 18% of g.d.p. it turns out, mr. speaker, this will be no surprise to you, turns out americans are pretty smart. and if what you decide as the federal government is we're going to tax this behavior, well, americans start engaging in this other behavior instead. if what you say is no, i'm going to tax that behavior, they say, that's ok, i'll go do this instead. americans are pretty smart. and they change their behavior to maximize the benefit for their doctor -- themselves, their families and thei
and tax revenue as a share of our economy. mr. speaker, what you see on the chart with the green line is historical tax revenue. and what you see is going back to world war ii, going back to the mid 1940's, that it really has not mattered in the history of this nation whether the top tax rate was 90%, as it was before the kennedy years, or 70% as it was at the beginning of the kennedy years, or 28% as it was in the reagan years. it really has not mattered what the top bracket is. all americans...
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Nov 29, 2012
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pro-growth policies that kickstart the economy rather than hurting the economy. likewise, we have laid out a bipartisan plan to address the drivers of our debt in the spending programs. i think house republicans are eager to work and negotiate with democrats in the senate and the president once they figure out what their proposal is to address the fundamental problems. >> my colleagues have laid out the issues very well. republicans want to avert the fiscal cleft in its entirety -- liff in its entirety. what we need is the president to come forward with a plan on how he wants to avert the fiscal cliff. it is irresponsible of us not to deal with the spending issue and simply to push for raising taxes on hard-working american people. many of us come from small- business backgrounds -- family owned businesses. we understand the situation very well. but it isn't -- it is important we not pass this problem along to our children and grandchildren, but we deal with it in a responsible way. the republicans have come forward with a responsible plan and will continue to do
pro-growth policies that kickstart the economy rather than hurting the economy. likewise, we have laid out a bipartisan plan to address the drivers of our debt in the spending programs. i think house republicans are eager to work and negotiate with democrats in the senate and the president once they figure out what their proposal is to address the fundamental problems. >> my colleagues have laid out the issues very well. republicans want to avert the fiscal cleft in its entirety -- liff...
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that would be bad for the economy. we both think, i believe, i hope, that we need to have a balanced agreement so we will not go over the cliff that would be bat for -- bad for the country, bad for the american people, we don't want to do that. the gentleman in my view doesn't not want to do that. put one way to give some confidence which is very important to the growth of the economy, is to assure, as tom cole, your former chairman of the republican campaign committee, said just the other day, and i believe you're -- in i believe your web meeting that he believes that this ought to be done. we ought to give the 98% assurances. we can debate and the prevailing side will win. but i don't think there's disagreement on the 98%. i think we agree on that as i said before the election and i said after the election, we need to move forward on that. that's something that i think -- on which you and i can agree, the democrats and republicans in this house can agree, that the senate an agree to. there was a bipartisan vote to le
that would be bad for the economy. we both think, i believe, i hope, that we need to have a balanced agreement so we will not go over the cliff that would be bat for -- bad for the country, bad for the american people, we don't want to do that. the gentleman in my view doesn't not want to do that. put one way to give some confidence which is very important to the growth of the economy, is to assure, as tom cole, your former chairman of the republican campaign committee, said just the other day,...
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the american economy is on the line. this is a moment for american leadership. it is the way ticket it done until washington. a mature0 lead and a had a meeting with his secretary. it was frank and d -- it was frank and direct. we saw to find out what the president is really willing to do. i remain hopeful that productive conversations can be made it into the it is ahead. elicited a leadership team met with a risk in bull's and leadership is above the business approach the warehouse as an annoyance. i have made clear that we have made the concessions on the line by putting ravenna's up front. many democrats grow up dozens of booklets that must be part of a sensible agreement that will reduce the deficit. there has been a sensible spending cuts so far. 2 there is a real danger of a2 and of222222222222222222222222222222 222222222222. 22222222222222222222222222222222 2222222222222222222222222 caught22222222222222222222222222 222222222222222222222222222222 job222222222222222. 22222222222222222222222222222222 22222222222222222222222222222222 2222222222222222222222222
the american economy is on the line. this is a moment for american leadership. it is the way ticket it done until washington. a mature0 lead and a had a meeting with his secretary. it was frank and d -- it was frank and direct. we saw to find out what the president is really willing to do. i remain hopeful that productive conversations can be made it into the it is ahead. elicited a leadership team met with a risk in bull's and leadership is above the business approach the warehouse as an...
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, and in fact it hurts the economy? >> that's right. you can go back and look at the writings of others, who would have opposed president obama's approach. it was identified early on that business cycles, recessions and recoveries tend to be driven by investment. consumers are pretty steady, but investment can be wildly fluctuating. it can go way down and way ut. so his view of stabilization policy was to try to stabilize investment and not to focus on consumption. one reason why we have had such a disappointing recovery, we haven't addressed why investment is so weak. we are an unattractive place to invest right now. >> some would say why don't you accept the higher tax rate? it doesn't help the economy. it hurts it. it is a serious proposal. i have always disagreed with some of your issues, but i think you are right that there are things holding down the debt ratio. are we acting to find a sustainable path forward on them. that will be more important than in fact number on discretionary spending or tax cuts themselves
, and in fact it hurts the economy? >> that's right. you can go back and look at the writings of others, who would have opposed president obama's approach. it was identified early on that business cycles, recessions and recoveries tend to be driven by investment. consumers are pretty steady, but investment can be wildly fluctuating. it can go way down and way ut. so his view of stabilization policy was to try to stabilize investment and not to focus on consumption. one reason why we have...
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it will have an impact on the economy. i hope -- we have a lot we have to settle, but there is one thing we should all agree on. the middle-class tax cut should be made permanent. it has already passed the senate. it takes a single vote. we are fully prepared to work with our republican colleagues to make sure we deal with the rest of the fiscal cliff, but that would take $900 billion off of it right now. so folks, just look around here -- people are, consumer confidence is growing. the last thing we need to do is- that now by -- dash that by now by not extending middle-class tax cuts. thanks for shopping with me. i know you not tell anyone what i bought. thank you very much. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> president obama hosted former governor mitt romney for lunch on thursday. the white house -- they released this photo of their first meeting since the end of the election. governor romney is said to have congratulated the pres
it will have an impact on the economy. i hope -- we have a lot we have to settle, but there is one thing we should all agree on. the middle-class tax cut should be made permanent. it has already passed the senate. it takes a single vote. we are fully prepared to work with our republican colleagues to make sure we deal with the rest of the fiscal cliff, but that would take $900 billion off of it right now. so folks, just look around here -- people are, consumer confidence is growing. the last...
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in our economy. i have confidence in the sense of responsibility all of our colleagues have to our country, that we'll be able to reach an agreement. and again, not to make it a too complicated -- a good first step would be to pass the middle income tax cut. >> before mr. crowley speaks, obviously from new york. first of all, we need to pass the supplemental. the people of the northeast, luckily maryland was somewhat spared on this. but the people of new jersey, the people of new york, the people of connecticut in particular, others as well, have sustained a very, very damaging blow both corporately and individually. we need to act on that. historically supplementals are not paid for, are passed so that we can meet the immediate need. mr. crowley will speak to that. but let me say this. the answer to your question is it's part of the math. if we're going to put our country on a fiscally sustainable path, we're going to have to consider all the expenditures we made, whether we paid for them initially
in our economy. i have confidence in the sense of responsibility all of our colleagues have to our country, that we'll be able to reach an agreement. and again, not to make it a too complicated -- a good first step would be to pass the middle income tax cut. >> before mr. crowley speaks, obviously from new york. first of all, we need to pass the supplemental. the people of the northeast, luckily maryland was somewhat spared on this. but the people of new jersey, the people of new york,...
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Nov 29, 2012
11/12
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even as our economy tanked. by contrast, the bill we are debating today does not include wage protections and does not adequately ensure that american workers are protected. equally important is that h.r. 6412 preserves the diversity visa program, ensuring equally opportunity to work in our great land. democrats and republicans alike have forwarded great wisdom towards this issue. now is the time to cooperate with one another and craft a truly bipartisan approach to immigration reform that provides for equality of opportunity for all of those who seek the benefit of u.s. citizenship. thank you. the speaker pro tempore: the gentleman's time has expired. the gentleman from florida. mr. nugent: continue to reserve. the speaker pro tempore: the gentleman from florida reserves his time. the gentleman from colorado. mr. polis: thank you. it's my honor to yield 2 1/2 minutes to the gentleman from oregon, mr. blumenauer. the speaker pro tempore: the gentleman from oregon is recognized for 2 1/2 minutes. mr. blumenauer:
even as our economy tanked. by contrast, the bill we are debating today does not include wage protections and does not adequately ensure that american workers are protected. equally important is that h.r. 6412 preserves the diversity visa program, ensuring equally opportunity to work in our great land. democrats and republicans alike have forwarded great wisdom towards this issue. now is the time to cooperate with one another and craft a truly bipartisan approach to immigration reform that...
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Dec 4, 2012
12/12
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if we miss diagnose the problem, we come up with the
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60%...
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Dec 6, 2012
12/12
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this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. cann't know how any of us look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table that fixes the problem, puts us on the course to solve the problem, which is the out-of- contr
this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america...